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Paper millionaires : How valuable is stock to a stockholder who is restricted from selling it?
Kahl, Matthias - 2002
Many firms have stockholders who face severe restrictions on their ability to sell their shares and diversify the risk of their personal wealth. We study the costs of these liquidity restrictions on stockholders using a continuous-time portfolio choice framework. These restrictions have major...
Persistent link: https://www.econbiz.de/10012469745
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History of American Corporate Governance : Law, Institutions, and Politics
Hilt, Eric - 2014
This paper presents an overview of the history of corporate governance in the United States, emphasizing the period before the advent of federal securities laws and the Securities and Exchange Commission (SEC). Recent research has overturned many widely accepted beliefs about corporate...
Persistent link: https://www.econbiz.de/10012458311
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Mergers and acquisitions
Auerbach, Alan J. (ed.) - 1988
Persistent link: https://www.econbiz.de/10013480864
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Balance-of-payments adjustment policies: Japan, Germany, and the Netherlands
Michaely, Michael - 1968
Persistent link: https://www.econbiz.de/10000615420
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Country studies
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000122609
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The industrial organization and regulation of the securities industry
Lo, Andrew W. (ed.) - 1996
Persistent link: https://www.econbiz.de/10000937532
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
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Low Wage Services : Interpreting the US - German Difference
Freeman, Richard B. - 2000
-wage services in the US and Germany. We find a clear low-wage service jobs deficit' in Germany but this is not due to excessively …
Persistent link: https://www.econbiz.de/10012471159
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Skill Compression, Wage Differentials and Employment : Germany vs. the US
Freeman, Richard B. - 2000
Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job … creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a …
Persistent link: https://www.econbiz.de/10012471160
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Expectations Hypotheses Tests
Bekaert, Geert - 2000
We investigate the Expectations Hypotheses of the term structure of interest rates and of the foreign exchange market using vector autoregressive methods for the U.S. dollar, Deutsche mark, and British pound interest rates and exchange rates. In addition to standard Wald tests, we formulate...
Persistent link: https://www.econbiz.de/10012471161